| Mon 26 May 2008, 14:35 | | JSC - Jasco Electronics Holdings Limited - Result Of The General Meeting |
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JSC
JSC
JSC - Jasco Electronics Holdings Limited - Result Of The General Meeting
JASCO ELECTRONICS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1987/003293/06)
Share code: JSC & ISIN: ZAE000003794
("Jasco" or "the company")
RESULT OF THE GENERAL MEETING
Shareholders are referred to the Jasco circular dated 30 April 2008 ("the
circular") where the company outlined its intention to acquire a 34% economic
interest in South African cable group, Malesela Taihan Electric Cable (Pty)
Limited, the proposed acquisition of a 34.9% stake in Jasco by JSE-listed BEE
investment group AfroCentric Investment Corporation Limited ("AfroCentric") and
various other corporate actions.
At a general meeting of shareholders of Jasco held today, Monday, 26 May 2008,
all resolutions relating to the corporate actions were passed by 99,9% of
shareholders present and voting, in person or by proxy, at the general meeting.
The special resolution relating to the increase in the authorised share capital
was submitted to CIPRO for registration.
Shareholders are advised that the only other remaining condition precedent to
the corporate actions is the granting of the formal dispensation by the
Securities Regulation Panel ("SRP"), to Community Investment Holdings (Pty)
Limited and AfroCentric, from the obligation to make a mandatory offer as
referred to in the circular. It is anticipated that this dispensation will be
obtained from the SRP, at the latest, by the close of business on Tuesday, 27
May 2008.
Johannesburg
26 May 2008
Corporate adviser and sponsor
PSG Capital (Pty) Limited
Date: 26/05/2008 14:35:01 Produced by the JSE SENS Department.
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